GT Bank Fires Back… Denies Court Order to Pay Innoson N14 Billion
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GT Bank Fires Back… Denies Court Order to Pay Innoson N14 Billion

Itohan Ferguson

The ongoing battle between between Innoson and GT Bank has taken on an ugly turn, as the car manufacturing company has accused GT bank of illegal deductions in the tune of seven hundred and Eighty-Six Million, Two Hundred and Five Thousand, Nine Hundred and Fifty-Five Naira, Ninety Nine kobo ( N786,205,955.99), See here

The case has been an ongoing legal battle between both companies. Today, 7th June 2018 Innoson revealed that the Supreme Court ruled in its favour, therefore compelling GT Bank to pay the sum of N14 billion within 14 days.

However GT Bank took to its social media page, to debunk the court order, it has termed fictitious.

According to GT Bank:

The attention of GTBank has been drawn to false, mischievous and malicious statements circulating in the news and social media in respect of a purported directive by the Supreme Court of Nigeria to the Bank to make payments to one of its debtor Customers.

The Bank as a highly responsible corporate citizen will in accordance with its culture and tradition refrain from making comments about on-going litigation matters and will continue to focus on using legal means to recover its bad debts.

It must be emphasised that the Bank remains undeterred in its recovery drive against recalcitrant debtors.

We again reiterate that there is no iota of truth in the falsehood being peddled by desperate and mischievous elements and the General Public should disregard same in its entirety.

The Bank remains committed to providing best-in-class customer experience to all its valued Customers.

We thank you for your continued support and patronage.

For the bank,
Erhi Obebeduo
Company Secretary.

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